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By EquityPandit

BPCLMARKET OUTLOOKSTOCK OUTLOOK

BPCL Outlook for the Week (December 25, 2023 – December 29, 2023)

BPCL
BPCL
BPCL closed the previous week on a negative note losing 5.03%.

Technically, BPCL share price will see immediate support at 434.28 and immediate resistance would be seen at 457.18.

If BPCL share price closes below immediate support of 434.28, then sharp breakdown can be seen. BPCL share price will see major support at 421.92 for the week.

500.00500.00480.00480.00460.00460.00440.00440.00420.00420.00400.00400.00380.00380.00Nov 10Nov 10Nov 15Nov 15Nov 20Nov 20Nov 23Nov 23Nov 29Nov 29Dec 4Dec 4Dec 7Dec 7Dec 12Dec 12Dec 15Dec 15Dec 20Dec 20Reversal Level 453.80BuySellSell

On the positive side, immediate resistance will be seen at 457.18. Closing above 457.18, BPCL share price will see a sharp breakout. Major resistance for BPCL share price will be seen at 467.72 for the week.

Trading range for BPCL share price for this week should be between 411.38 on down side and 480.08 on up side.

BPCL Previous Week High: 455.35

BPCL Previous Week Low: 432.45

BPCL Previous Week Range: 22.9 Points

BPCL share price support and resistance for the week (December 25, 2023 – December 29, 2023)

Level Type Value
Resistance 3 480.08
Resistance 2 467.72
Resistance 1 457.18
Support 1 434.28
Support 2 421.92
Support 3 411.38
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